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- Group operating earnings1 of $20.0 million, up 15.0% year on year
- Net profit after tax (NPAT) of $7.0 million, down 5.6%
- Interim dividend of 3.0 cents per share, fully imputed
- FY2023 operating earnings is tracking towards the upper end of the 2023 full-year guidance range of $36.0 million to $40.5 million.
NZX Limited today announced operating earnings (EBITDA) of $20.0 million for the six months ended 30 June 2023, up 15.0% on H1 2022, demonstrating positive momentum in delivering to its growth strategy. Excluding acquisition, integration and integration costs, Group operating earnings (EBITDA) for the same period were $20.6 million – up 16.8%.
“The resilience and diversity of the NZX Group business and earnings base, and the breadth of offerings available for companies to access capital, are behind our strong financial result in the first half of 2023. This is despite the tight financial conditions and ongoing challenging environment for global markets,” NZX Chief Executive Mark Peterson says.
Operating revenue increased 16.9% to $54.0 million and operating expenses, excluding acquisition and integration costs, increased 16.9% to $33.4 million.
NZX produced an unaudited net profit after tax (NPAT) of $7.0 million for the 2023 half year (H1 2022 $7.4 million), a year-on-year decrease of 5.6%, with the decline largely resulting from additional amortisation (including relating to NZX Wealth Technologies client migrations and Smartshares’ acquisitions) along with higher funding costs on the Company’s increased debt level.
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